SEC tightens the screws on SPACs
New rules beef up disclosure, investor protections around shell company financings
- By: James Langton
- January 24, 2024 January 24, 2024
- 14:06
Regular payouts to maintain 4% growth, while variable dividends drop
Move appears to be part of a concerted effort to stabilize the markets
The central bank is still open to more rate hikes if inflation doesn’t co-operate
Swiss financial regulator gets a new leader as it looks to boost scrutiny of the bank
A measure of consumer sentiment has jumped by the most since 1991
Improved proficiency for financial advisors still on the table amid persistent demand
Commodity producers to hold up better than interest-sensitive regions
Leslie Byberg will oversee enforcement as the regulator looks for a new director
Compliance review finds potential violations in 70% of firms' messages
Survey finds institutional investors plan to grow private equity, debt holdings
The new requirements could surprise small businesses that aren't used to making these types of disclosures
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales